By Joseph Ax NEW YORK (Reuters) - A Massachusetts man was sentenced to 21 months in prison on Friday for his role in a cybercrime scheme that hacked accounts at banks, brokerage firms and government agencies in an attempt to steal more than $15 million, U.S. prosecutors said. Robert Dubuc, 41, pleaded guilty to wire fraud conspiracy, conspiracy to commit access device fraud and identity theft in federal court in New Jersey in April. U.S. District Judge Peter Sheridan in Trenton imposed the sentence on Friday. ...
TRENTON, N.J. (AP) — A Massachusetts man has been sentenced to 21 months in prison for his part in an international cybercrime ring that targeted more than a dozen financial institutions and the U.S. military's payroll service.
ATLANTA (AP) — An Estonian national who pleaded guilty to orchestrating a 2008 cyberattack on a credit card processing company that enabled hackers to steal $9.4 million from ATMs around the world was sentenced to 11 years in prison and ordered to repay most of the money, prosecutors said Friday.
By Sven Nordenstam and Olof Swahnberg STOCKHOLM (Reuters) - Mobile telecoms gear maker Ericsson said on Friday a slowdown in North America created uncertainty over fourth quarter sales as operators cut spending after big investments in high-speed networks. A build-out of the newest 4G/LTE networks by operators in North America, where Ericsson makes about a quarter of its sales and Chinese rival Huawei is effectively barred from doing business, has supported the Swedish firm at a time of stagnation in much of Europe. ...
By Jussi Rosendahl HELSINKI (Reuters) - Nokia delivered quarterly profits well above expectations on Thursday, six months after selling its struggling handset business to Microsoft in a 5.6 billion euros ($7.1 billion) deal that transformed it into a pure play network equipment maker. The Finnish company reported strong earnings from its core network gear unit and lifted the outlook for the business following large network roll-outs in North America and China. Despite concerns over lower-margin deals in China, Nokia's network unit showed a core operating profit margin of 13. ...
By Tova Cohen TEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly profit that topped expectations and raised its full-year forecast on strong demand for its threat prevention and other software subscriptions. Check Point earned 93 cents a share excluding one-time items in the third quarter, up from 85 cents a year earlier. Revenue grew 8 percent to $370.4 million, the Israeli-based company said on Thursday. ...
Like dozens of other video games, "Borderlands" is all about killing — people, robots, monsters, whatever. But "Borderlands" has a not-so-secret weapon in its arsenal: an acidic sense of black humor that's a welcome relief from the gung-ho war-is-hell cliches of competitors like "Call of Duty" and "Halo."
By Yimou Lee HONG KONG (Reuters) - China's Huawei Technologies Co Ltd said third-quarter smartphone shipments jumped 26 percent year-on-year, doubling devices shipped to the high-margin premium market dominated by Samsung Electronics Co Ltd and Apple Inc. Shenzhen-based Huawei, the world's third-biggest smartphone supplier after the dominant pair, shipped 16.8 million smartphones globally in the quarter ended Sept. 30, according to company data. About a quarter of those were mid- to high-end models, more than twice as many as the same period last year. ...
By Gerry Shih BEIJING (Reuters) - Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations. Data belonging to the privately owned company's non-Chinese users will be moved in several phases to Amazon Inc servers in the United States and data centers in Singapore, Xiaomi vice president Hugo Barra said in a Wednesday blog post on Google Plus. ...
Apple has more than once reminded customers it values their security and privacy and has been reassuring them that they won’t become the company’s “product” and that their data will be safely encrypted. Similarly, Google also said it will encrypt Android devices by default. Since then, the FBI and others have complained that Apple and Google will be basically helping bad guys get away with bad things thanks to encrypted devices. FROM EARLIER: The FBI ratchets up its scare campaign over smartphone encryption But, as Motherboard reports, Congress isn’t likely to order these companies to decrypt their phones for FBI or other governmental agencies. “To FBI Director Comey and the Admin on criticisms of legitimate businesses using encryption: you reap what you
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